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Tyson Foods Enters India's Chicken Market
July 2008 | Top StoriesSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Tyson Foods, a Fortune 500 company and the world's largest processor and marketer of chicken, beef and pork, has set its sights on emerging markets. Tyson has stated that its long-term strategy is to focus on international markets, especially Asia, Mexico and South America. The Arkansas-based company has acquired a 51% stake in Godrej Foods, a subsidiary of the Godrej Agrovet and a leading agribusiness with US$250mn in annual sales. The two companies, both leading chicken producers in their respective countries, have entered into a joint venture which will assume the name Godrej Tyson Foods. 'We believe the timing is